Analysing inflation in developing countries: An econometric study with application to Kenya
提出一种利用年化月度通胀率来区分价格水平一次性上涨与持续上涨的方法，并发现货币和制度变量共同影响通胀率，还估算了不同收入群体的通胀率及其决定因素的变化。
This article demonstrates an approach to modelling the inflation rate in developing countries through the use of the annualised monthly inflation rate in an attempt to distinguish between once‐and‐for‐all increases in the price level and a generally rising price level. Our empirical results show that this approach is useful in allowing both monetary and institutional variables to play a role in determining the inflation rate. In addition, we estimate the inflation rate for different income groups and show the changing determinants of the inflation rate across these groups.